Simultaneous increase in demand and quantity supplied will (a) Increase in equilibrium price and quantity ; (b) Decrease equilibrium price and quantity (c) Increase equilibrium price but decrease quantity ; (d) Decrease equilibrium price but increase quantity

Simultaneous increase in demand and quantity supplied will (a) Increase in equilibrium price and quantity ; (b) Decrease equilibrium price and quantity (c) Increase equilibrium price but decrease quantity ; (d) Decrease equilibrium price but increase quantity
by

1 Answer

Answer :

(a) Increase in equilibrium price and quantity ;
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If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the (a) Equilibrium quantity will decrease ; (b) Equilibrium price will decrease ; (c) Equilibrium price will go up ; (d) Equilibrium quantity will increase

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Last Answer : (a) Equilibrium quantity will decrease ;

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Last Answer : (a) will increase and quantity will increase ;

Change in cost of production of the concerned goods causes (a) The demand curve to shift ; (b) The supply curve to shift ; (c) Increase in quantity demanded; (d) Decrease in quantity supplied

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Last Answer : (b) The supply curve to shift ;

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Last Answer : (a) quantity demanded exceeds quantity supplied at the set price;

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Last Answer : (c) quantity supplied exceeds quantity demanded at the set price ;

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Last Answer : ; (d) and quantity to increase

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Last Answer : (a) 19 increase ; 

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Last Answer : ; (c) Marginal cost curve will shift upward

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Last Answer : (a) quantity demanded to decrease

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Last Answer : (a) Increase

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Last Answer : (c) Change in Cetris paribus conditions ;

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Last Answer : (b) increasing and quantity decreasing ;

A shift outward in supply curve will result in equilibrium price (a) increasing and quantity increasing ; (b) increasing and quantity decreasing ; (c) decreasing and quantity increasing ; (d) decreasing and quantity decreasing

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Last Answer : (c) Remain same ;

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Last Answer : (a) An increase in demand ;

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Last Answer : ; (c) Decrease in demand ;

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Last Answer : (a) Increase in opportunity cost ; 

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Last Answer : (b) Percentage change in quantity demanded is less than the percentage change in price  

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